I watched your last vids yesterday and cant remember which one I'll address these comments so sorry for mislocation if it happens.
I strongly disagree with the analysis putting the US in a weaker position than in 1929.
On the economical side, the economy is globalized which means that the US, being at the top of the food chain can shift down the burden of its actions to lesser peoples which are going to clean the mess for the US.
The US is dependent on foreign resources (no energy independence) Not a bad news either considered the position of the US.
For example, the US can march his armies on "others"'resources while preserving its own resources. Of course, doing so, the US deprives rivals from projecting their own armies overseas in the future since they will have no more oil or stuff like that to power their vehicles etc
A good strategical move.
The US military forces are overstretched: hard to me to believe
that a country of 300M people is exhausted when 500,000 are involved in military operations. And crude reality, a casual immigration day is enough to cover up for the human losses known by the US army over several years.
Time will tell but as I said on the other vid, the US position is strong: the US bail out debt will be absorbed by lesser countries through trade.
When the dollar is too weak to buy foreign oil, how well placed will the US military be to protect and pilfer resources overseas? Indeed, how well placed will it be to repel a foreign invasion?
The US is at the top on the food chain only in the sense that since the first Breton Woods agreement, it has been our job to eat and write checks. There is mounting evidence that the "lesser nations" are intent on firing us as the designated eaters. In particular, China (which will not be a "lesser nation" much longer), is preparing to put an end to it. They have over a trillion dollars of US bonds and agency debt, so they'll be careful about how they go about it. But they are going to do it.
Imo, the USD too weak to buy foreign oil hypothesis is unlikely to happen. The US has been working hard to be the middle man on the oil trade market. Most oil fields all around the world are exploited (not exclusively) by US oil firms, which warrants that the US collects a share of any oil deals around the world and keep buying oil.
If indeed the US oil companies were losing their grip over the oil fields around the world, it would be troublesome because it would destroy the derivation pipe.
The pulling the plug scenario never convinced me because I dont see how they could happen.
Imo, it is being too much legalist to think that because China or Russia hold US debts in a large amount they can claim US hard assets.
The US is a position similar to kings in old times: bankers were lending money to kings and when they want it back, all they collected was a rope around the neck.
Dumping the debt onto weaker countries will only improve the king scenario for the US.
For me, the alternative is the following: either countries holding US debts cling to it in hope the US will willingfully pay it back or they can kiss it goodbye.
Time will tell.
By the way, I have a question for you: do you plan to resume your analysis on the oil price variations? Because I share your PoV that the oil price should have kept rising and it is not what is happening.
I am always ready to hear analysis on this issue.
Hello CZ, you cast an interesting light on current events. I have a question about your quote "For me, the alternative is the following: either countries holding US debts cling to it in hope the US will willingfully pay it back or they can kiss it goodbye." If these countries are afraid of not being repaid will they continue to loan us money to continue running the government (1.7 billion a day)? Do they throw good money after bad or cut their losses? What is your opinion? Thanks
Personally, I think the loan trend will keep going on. I find it hard to believe that other countries experts have not yet smelled a structural difficulty with the US "debt".
I think that many people around the world were aware of the situation. For example, the IMF wanted to scrutizine the US banking system a decade ago. Bush said "okay if you dont publish the reports under my term(s)"
It is not a surprise so for me, it is an evidence these countries
cant act other way than the way they have been acting so far because so far, they knew what was going on.
I think that the best the countries with actual cash reserve can expect (India, China, Russia...) is that their private sector is given an opportunity to exist on the western scene. The western banking system is dried up, it has to expect freshly printed money to keep doing their job.
ahh...gotcha. Well if you get a chance and you want to send it through a message I would be appreciative.
Of course I've researched some and there are plenty of sources, but I figured you probably had a good one and was just curious what you would recommend.
The bailout is the way to have another Great Depression. Maybe Greater. The bailout is like the steps that FDR and Hoover before him took. Those market interventions turned a recession into a decade-long depression. (This one will be hyper-inflationary, though.)
The way to avoid it is to put the failing banks into receivership, and reorganize them. (I think I'll make a video.) Have the tooth out now. Bankruptcy is a good thing. It works exactly the way it's supposed to.
I see you are from Slovenia. So you have euros. Congratulations on how many more dollars you can buy with them today! But I wouldn't buy any dollars just yet. They are going to get much, much cheaper. Communism didn't work out real well for Slovenia, and it will not do any better here. Thanks for watching, and stay tuned.
SFRY stands for Socialist Federeal Republic of Yugoslavia, the country I was born in. So it was socialism. Believe it or not, some older people like those times a lot better than capitalism, in which you have to work for what you get and is much more rewarding to those who work hard.
The previous Bush, George W's father, bailed out Yugoslavia when you were three years old. The result was predictable to us "oracles" - 1000% inflation, extreme unemployment, and severe shortages and rationing. In time, the whole country was owned by the IMF. Civil war followed. Read The Creature From Jekyll Island, and pay particular attention to the "game called bailout." These things do not happen by accident.
Just makes me sick sick sick. No on bailouts, no on bailouts at all, I tried to tell my traitor reps, but as usual they did what ever they wanted. So many are invested in Fannie and Freddie, at least 151 members of Congress are invested in companies with defense contracts-think the wars/conflicts will end-not with these members also seated in Congress and House.
My head hurts thinking about these traitors.
Also, as others have stated ...GREAT TO SEE YOU BACK!
Hey Jive, let them do their thing. We will do ours. Keep posting videos, also let me know if you accept invitations to speak. I want to get you to speak to our local ron paul meetup
If you can naked short Gold all you want with fake shares, will Gold ever go up? Shorting more gold than exists on the exachange.. pretty sad... criminals.. all of them..
I don't know about you but I plan on calling both senators and my rep (all dems) tomorrow and telling them NO! It might do a lot of good but I'm gonna do what I can.
I did that when the Fannie/Freddie bill was coming down. I also did a video. Didn't do any good. I'm not really bummed. Sorry if it came off that way. Life is good.
SeaSalt78, I appreciate your comment and rating. I wish more people would comment on and rate my videos. But I generally delete profanity - even from an old salt. :-)
I watched your last vids yesterday and cant remember which one I'll address these comments so sorry for mislocation if it happens.
I strongly disagree with the analysis putting the US in a weaker position than in 1929.
On the economical side, the economy is globalized which means that the US, being at the top of the food chain can shift down the burden of its actions to lesser peoples which are going to clean the mess for the US.
Good news for the US citizens.
TheCZMan 3 years ago
The US is dependent on foreign resources (no energy independence) Not a bad news either considered the position of the US.
For example, the US can march his armies on "others"'resources while preserving its own resources. Of course, doing so, the US deprives rivals from projecting their own armies overseas in the future since they will have no more oil or stuff like that to power their vehicles etc
A good strategical move.
The US military forces are overstretched: hard to me to believe
TheCZMan 3 years ago
that a country of 300M people is exhausted when 500,000 are involved in military operations. And crude reality, a casual immigration day is enough to cover up for the human losses known by the US army over several years.
Time will tell but as I said on the other vid, the US position is strong: the US bail out debt will be absorbed by lesser countries through trade.
TheCZMan 3 years ago
When the dollar is too weak to buy foreign oil, how well placed will the US military be to protect and pilfer resources overseas? Indeed, how well placed will it be to repel a foreign invasion?
JiveDadson 3 years ago
The US is at the top on the food chain only in the sense that since the first Breton Woods agreement, it has been our job to eat and write checks. There is mounting evidence that the "lesser nations" are intent on firing us as the designated eaters. In particular, China (which will not be a "lesser nation" much longer), is preparing to put an end to it. They have over a trillion dollars of US bonds and agency debt, so they'll be careful about how they go about it. But they are going to do it.
JiveDadson 3 years ago
Imo, the USD too weak to buy foreign oil hypothesis is unlikely to happen. The US has been working hard to be the middle man on the oil trade market. Most oil fields all around the world are exploited (not exclusively) by US oil firms, which warrants that the US collects a share of any oil deals around the world and keep buying oil.
If indeed the US oil companies were losing their grip over the oil fields around the world, it would be troublesome because it would destroy the derivation pipe.
TheCZMan 3 years ago
The pulling the plug scenario never convinced me because I dont see how they could happen.
Imo, it is being too much legalist to think that because China or Russia hold US debts in a large amount they can claim US hard assets.
The US is a position similar to kings in old times: bankers were lending money to kings and when they want it back, all they collected was a rope around the neck.
Dumping the debt onto weaker countries will only improve the king scenario for the US.
TheCZMan 3 years ago
For me, the alternative is the following: either countries holding US debts cling to it in hope the US will willingfully pay it back or they can kiss it goodbye.
Time will tell.
By the way, I have a question for you: do you plan to resume your analysis on the oil price variations? Because I share your PoV that the oil price should have kept rising and it is not what is happening.
I am always ready to hear analysis on this issue.
TheCZMan 3 years ago
Hello CZ, you cast an interesting light on current events. I have a question about your quote "For me, the alternative is the following: either countries holding US debts cling to it in hope the US will willingfully pay it back or they can kiss it goodbye." If these countries are afraid of not being repaid will they continue to loan us money to continue running the government (1.7 billion a day)? Do they throw good money after bad or cut their losses? What is your opinion? Thanks
fishingthewatershed 3 years ago
I dont know what good/bad money is.
Personally, I think the loan trend will keep going on. I find it hard to believe that other countries experts have not yet smelled a structural difficulty with the US "debt".
I think that many people around the world were aware of the situation. For example, the IMF wanted to scrutizine the US banking system a decade ago. Bush said "okay if you dont publish the reports under my term(s)"
It is not a surprise so for me, it is an evidence these countries
TheCZMan 3 years ago
cant act other way than the way they have been acting so far because so far, they knew what was going on.
I think that the best the countries with actual cash reserve can expect (India, China, Russia...) is that their private sector is given an opportunity to exist on the western scene. The western banking system is dried up, it has to expect freshly printed money to keep doing their job.
TheCZMan 3 years ago
It seems to be some new "feature" to keep people from posting disguised URL's. Grrrrrrrrr.
JiveDadson 3 years ago
ahh...gotcha. Well if you get a chance and you want to send it through a message I would be appreciative.
Of course I've researched some and there are plenty of sources, but I figured you probably had a good one and was just curious what you would recommend.
PoliticalOverload 3 years ago
hey...you never answered my question. Where's the love at?
PoliticalOverload 3 years ago
I'm trying. Youtube seems to be either fubar or they've declared war on the word "dot" followed by the word "info."
JiveDadson 3 years ago
It's going to get a lot worse when will they learn they are there to work for the people not against them and it's no better in the UK either.
ddrmegamixer 3 years ago
What's the alternative? Another great depression.
xleax 3 years ago
The bailout is the way to have another Great Depression. Maybe Greater. The bailout is like the steps that FDR and Hoover before him took. Those market interventions turned a recession into a decade-long depression. (This one will be hyper-inflationary, though.)
The way to avoid it is to put the failing banks into receivership, and reorganize them. (I think I'll make a video.) Have the tooth out now. Bankruptcy is a good thing. It works exactly the way it's supposed to.
JiveDadson 3 years ago
you're not the oracle. I say the bailout was a good thing, until proven otherwise.
xleax 3 years ago
I see you are from Slovenia. So you have euros. Congratulations on how many more dollars you can buy with them today! But I wouldn't buy any dollars just yet. They are going to get much, much cheaper. Communism didn't work out real well for Slovenia, and it will not do any better here. Thanks for watching, and stay tuned.
JiveDadson 3 years ago
SFRY stands for Socialist Federeal Republic of Yugoslavia, the country I was born in. So it was socialism. Believe it or not, some older people like those times a lot better than capitalism, in which you have to work for what you get and is much more rewarding to those who work hard.
xleax 3 years ago
The previous Bush, George W's father, bailed out Yugoslavia when you were three years old. The result was predictable to us "oracles" - 1000% inflation, extreme unemployment, and severe shortages and rationing. In time, the whole country was owned by the IMF. Civil war followed. Read The Creature From Jekyll Island, and pay particular attention to the "game called bailout." These things do not happen by accident.
JiveDadson 3 years ago
We'll see what happens in the USA, my friend. I hope for your sake nothing like that happens.
xleax 3 years ago
Just makes me sick sick sick. No on bailouts, no on bailouts at all, I tried to tell my traitor reps, but as usual they did what ever they wanted. So many are invested in Fannie and Freddie, at least 151 members of Congress are invested in companies with defense contracts-think the wars/conflicts will end-not with these members also seated in Congress and House.
My head hurts thinking about these traitors.
Also, as others have stated ...GREAT TO SEE YOU BACK!
700eyesonly007 3 years ago
By the way, great to see you back.
PoliticalOverload 3 years ago
What do you think the best source for investing in gold is?
PoliticalOverload 3 years ago
Hey Jive, let them do their thing. We will do ours. Keep posting videos, also let me know if you accept invitations to speak. I want to get you to speak to our local ron paul meetup
utubehayter 3 years ago
Where do you live?
JiveDadson 3 years ago
Update on AIG: It was down to $1.25, but after Paulson intervened, it rose to $4.45 and closed at $3.85 on Friday. Way to go, Nancy!
JiveDadson 3 years ago
Hello Jive, missed your comments, welcome back!
baypos 3 years ago
I am sick to my stomach about this.
Goodbye Free Market
Goodbye Capitalism
Hello Fascism
If you can naked short Gold all you want with fake shares, will Gold ever go up? Shorting more gold than exists on the exachange.. pretty sad... criminals.. all of them..
WaveCycles 3 years ago
Got Gold & silver?????
well you better get some quick!!
f3hdemon 3 years ago
I don't know about you but I plan on calling both senators and my rep (all dems) tomorrow and telling them NO! It might do a lot of good but I'm gonna do what I can.
Sorry to see you so bummed.
lvdovicvs 3 years ago
I did that when the Fannie/Freddie bill was coming down. I also did a video. Didn't do any good. I'm not really bummed. Sorry if it came off that way. Life is good.
JiveDadson 3 years ago
Is investing dollars to another country is good? Coz, I've been doing it last 4 years now. Any suggestions...
gearzone2611 3 years ago
SeaSalt78, I appreciate your comment and rating. I wish more people would comment on and rate my videos. But I generally delete profanity - even from an old salt. :-)
JiveDadson 3 years ago